Wealthy Mexicans Are Increasingly Investing in the U.S. to Escape Cartel Violence
“You feel that the problem is approaching,” he said. “We decided it’s better to start taking action instead of waiting for something to happen.” Pardo is one of a rapidly increasing number of wealthy Mexicans to who are attempting to escape the violence by investing $500,000 or more in American business projects — thereby earning legal and permanent residency status in the U.S.
“It appears to be the easiest way to get your papers so you can immigrate,” said Pardo, who manages a clothing center and tourism company in Mexico City.
Members of the Mexican elite are filing for EB-5 visas, which can grant the well-heeled financiers and their families green cards in exchange for investments in projects demonstrated to create or sustain 10 U.S. jobs.
The majority of the investments are arranged through so-called “regional centers,” designated public or private economic units, which according to law accept a minimum of $500,000 for economic growth projects in rural or high unemployment areas, or a minimum of $1 million for projects outside such areas.